National Insurance Contributions (NICs)
| 2013/14 |
Employer |
Employee |
| Class 1 - not contracted out |
| Payable on weekly earnings of |
|
|
| Below £109 (lower earnings limit) |
Nil
|
Nil
|
| £109 to £148 (employers' earnings threshold) |
Nil
|
*Nil
|
| £148.01 - £149 (employees' earnings threshold) |
13.8%
|
*Nil
|
| £149.01 - £797 (upper earnings limit) |
13.8%
|
12%
|
| over £797 |
13.8%
|
2%
|
| *No NICs are actually payable but notional Class 1 NIC is deemed to have been paid; this protects certain basic state benefit entitlements.Over state pension age, the employee contribution is generally nil.
|
| Class 1A |
On relevant benefits |
13.8%
|
Nil
|
| Class 2 |
Self employed |
£2.70 per week
|
| Limit of net earnings for exception |
£5,725 per annum
|
| Class 3 |
Voluntary |
£13.55 per week
|
| Class 4* |
Self employed on profits |
|
| £7,755 - £41,450 |
9%
|
| Excess over £41,450 |
2%
|
| *Exemption applies if state pension age was reached by 6 April 2013. |
|
